Texas oil lease · RRC district 09 · Lease 07921
ProducingSHEPARD
Shepard is an oil lease in Young County, Texas, operated by Stewart Construction in the Kerlyn-Loving field. The Railroad Commission shows 462 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 5 wells
- Operator
- Stewart Construction
- County
- Young County
- Field
- Kerlyn-Loving
- RRC lease
- 09-07921
Own a share of this lease?
Is your check right?
Upload a check stub or a phone photo. We compare every month with the state numbers on this page.
Free. No account needed. Two to four pages.
Where it sits
This county
- Oil in Jul 2026
- 42 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 5
- Data through
- Jul 2026
Production
Month by month, from the state record
Oil output fell 16% over the last 12 months
462 bbl in the 12 months through Jul 2026, against 549 bbl in the 12 months before.
- Oil (bars, left axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 07921, district 09. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
The operator changed once, most recently in Jul 2025
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Stewart Construction Jul 2025 to now
- Bluebonnet Land & Cattle Co. Jan 2020 to Jun 2025
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
5 wells on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-503-31841 | 2 | Active | – |
| 42-503-31850 | 3 | Active | – |
| 42-503-31851 | 4 | Active | – |
| 42-503-39860 | 5 | Active | – |
| 42-503-82328 | 1 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 09, lease 07921.
Who buys and gathers
Who moves and buys this lease's production
Oil
Ptt Premier Trading and Tran LLC and True Oil Trucking & Mktg, LLC gather it.
Ptt Premier Trading and Tran LLC gathers it: 50% of it, on the list since Nov 1, 2025 · True Oil Trucking & Mktg, LLC gathers it: 50% of it, on the list since Nov 1, 2025
Gas from oil wells
Targa Midstream Services LLC buys and gathers it.
Targa Midstream Services LLC buys it: 100% of it, on the list since Mar 1, 2017 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Oct 1, 2011
Companies that used to be listed: True Oil Trucking & Mktg, LLC (gathers it, until Nov 1, 2025).
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
137 acres on the newest permit
- Wells on the permits
- 53 not plugged
- Horizontal
- 0
- First completion
- Nov 23, 1976
- Latest permit
- Aug 26, 1988
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-503-39860 | 5 | Aug 26, 1988 | Oct 1, 1988 | 137 |
| 42-503-31841 | 2 | – | Nov 23, 1976 | – |
| 42-503-31850 | 3 | – | Jan 23, 1977 | – |
| 42-503-31851 | 4 | – | Jan 12, 1977 | – |
| 42-503-82328 | 1 | – | Jan 12, 1984 | – |
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says SHEPARD sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026Stewart Construction | 42 | 84 | $80.46 | $2.89 |
| Jun 2026Stewart Construction | 44 | 0 | $84.81 | $3.15 |
| May 2026Stewart Construction | 52 | 52 | $102.13 | $2.94 |
| Apr 2026Stewart Construction | 43 | 62 | $100.32 | $2.77 |
| Mar 2026Stewart Construction | 45 | 50 | $91.38 | $3.04 |
| Feb 2026Stewart Construction | 46 | 113 | $64.51 | $3.62 |
| Jan 2026Stewart Construction | 33 | 0 | $60.04 | $7.72 |
| Dec 2025Stewart Construction | 47 | 0 | $57.97 | $4.26 |
| Nov 2025Stewart Construction | 46 | 77 | $60.06 | $3.79 |
| Oct 2025Stewart Construction | 44 | 0 | $60.89 | $3.19 |
| Sep 2025Stewart Construction | 17 | 101 | $63.96 | $2.97 |
| Aug 2025Stewart Construction | 3 | 0 | $64.86 | $2.91 |
| Jul 2025Stewart Construction | 73 | 0 | $68.39 | $3.20 |
| Jun 2025Bluebonnet Land | 4 | 0 | $68.17 | $3.02 |
| May 2025Bluebonnet Land | 8 | 55 | $62.17 | $3.12 |
| Apr 2025Bluebonnet Land | 42 | 0 | $63.54 | $3.42 |
| Mar 2025Bluebonnet Land | 4 | 98 | $68.24 | $4.12 |
| Feb 2025Bluebonnet Land | 70 | 0 | $71.53 | $4.19 |
| Jan 2025Bluebonnet Land | 36 | 106 | $75.74 | $4.13 |
| Dec 2024Bluebonnet Land | 73 | 0 | $70.12 | $3.01 |
| Nov 2024Bluebonnet Land | 32 | 97 | $69.95 | $2.12 |
| Oct 2024Bluebonnet Land | 72 | 42 | $71.99 | $2.20 |
| Sep 2024Bluebonnet Land | 38 | 113 | $70.24 | $2.28 |
| Aug 2024Bluebonnet Land | 97 | 0 | $76.68 | $1.99 |
| Jul 2024Bluebonnet Land | 62 | 96 | $81.80 | $2.07 |
| Jun 2024Bluebonnet Land | 61 | 0 | $79.77 | $2.54 |
| May 2024Bluebonnet Land | 36 | 106 | $80.02 | $2.12 |
| Apr 2024Bluebonnet Land | 48 | 0 | $85.35 | $1.60 |
| Mar 2024Bluebonnet Land | 74 | 171 | $81.28 | $1.49 |
| Feb 2024Bluebonnet Land | 99 | 0 | $77.25 | $1.72 |
| Jan 2024Bluebonnet Land | 89 | 145 | $74.15 | $3.18 |
| Dec 2023Bluebonnet Land | 52 | 0 | $71.90 | $2.52 |
| Nov 2023Bluebonnet Land | 70 | 148 | $77.69 | $2.71 |
| Oct 2023Bluebonnet Land | 89 | 0 | $85.64 | $2.98 |
| Sep 2023Bluebonnet Land | 89 | 83 | $89.43 | $2.64 |
| Aug 2023Bluebonnet Land | 109 | 123 | $81.39 | $2.58 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
Do your checks match this lease?
Upload your statements for SHEPARD. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Stewart Construction.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Stewart Construction in Young County
- PRIDEAUX, R. O., UNIT
735 bbl last 12 months
- NALL
29 bbl last 12 months
- SHEPARD
226 bbl last 12 months
- PEASLEE, J.I. ET AL
164 bbl last 12 months
- WHITAKER, H. ETAL
58 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
Drilling permits within 10 km
MCKINLEY #112
new drill · Tomsha LLC · Young County · 9.9 km away
Permit 0918602 · Sep 21, 2026
MCKINLEY #111
new drill · Tomsha LLC · Young County · 9.8 km away
Permit 0918601 · Sep 14, 2026
LOVING RANCH #11
new drill · Borderline Operating Corp. · Young County · 8.9 km away
Permit 0918000 · Aug 24, 2026
SLATER UNIT #2
re-entry · Borderline Operating Corp. · Young County · 6.4 km away
Permit 0916590 · Jun 22, 2026
LOVING RANCH #7
recompletion · Borderline Operating Corp. · Young County · 9.3 km away
Permit 0903188 · Oct 11, 2024
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Jul 2026?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 07921, district 09, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.